The
Mission
Blockchain is here to stay. The
mission of Eternal Trusts, as a cutting edge organization spearheaded by
experts in blockchain and finance, is to revolutionize the centuries old
fiduciary industry and make it secure, autonomous, transparent, flexible and
affordable by creating the world’s first fiduciary crypto protocol.
The inherent qualities of
cryptocurrency-based solutions allow us to design an innovative model of a
Trust Fund which absolutely outperforms and outcompetes its traditional
predecessor. We make this model available for integration to all trustworthy
companies that provide financial services today.
Similar to the industry of fiduciary,
the global vision of Eternal Trusts lies within the autonomous execution of a
wide range of people’s objectives that can go beyond their lifetimes. It
reflects the human desire for self-actualization and the pursuit of well-being.
We believe that the hopes and aspirations of people living today should not
vanish and be forgotten: it is important to preserve present generations’
financial, intellectual, and biological heritage and make it matter in the
long-term.
Token
Sale & Major Milestones
To set the tokenomics of the protocol
ecosystem in motion, we are raising funds through a token sale, starting on
March 22nd. Funds from the Token Sale will be used for:
·
building a protocol with an API that will
support an autonomous, intelligent marketplace connecting trustees, asset
managers, service providers, and potential customers that aspire to fulfill
long-term purposes through decentralized applications (dApps);
·
refining and auditing the smart contracts
that will provide asset transfer and trust-like enforcement of purpose
execution;
·
creating a toolkit for deploying
Hyperledger-based private nodes that store customers’ documents, data, trust
purposes, and legal agreements;
·
deploying experimental smart contracts for
the prototype and implementing prototype-token circulation;
·
finalizing, packaging and distributing the
codebase for the private nodes and dApps
·
assisting early adopters in the
development of dApps on the Protocol
·
promotion, sales, and marketing among
banks and funds; further organic development of business models on the ET
Protocol
The
ET Protocol
Eternal Trusts is an EOS-based
fiduciary crypto protocol. It allows financial service providers to build
secure & fast decentralized applications that can integrate collective
decision-making into asset administration.
As an open source protocol, Eternal
Trusts allows traditional trustees, family offices, and estate planning
institutions interested in accepting cryptocurrencies or integrating blockchain
into their business processes to offer a brand new model of trusted asset
administration to their clients. Eternal Trusts provides a robust and more
publicly accessible set of mechanisms based on smart contracts and will cause
the proliferation of a new distributed ecosystem of cutting edge fiduciary
services, potentially allowing a wide range of people to attain long-term
fiduciary purposes that best suit their needs.
Unlike in traditional centralized
trusts, the trustee powered by ET Protocol is represented by:
·
The system of Smart contracts --
blockchain algorithms that work as real world paper contracts but do not
require a centralized arbitrating party.
·
Networks of Oracles -- groups of trusted
parties selected by the dApp founders to be in control of asset administration
for their clients, and rewarded for optimal decisions.
·
ET Token -- a smart contract-based medium
of exchange that is used by all participants of the Protocol.
The combination of these 3 components
implements so-called P urpose Execution Flow, advanced algorithm that
autonomously fulfills asset administration goals.
ET Protocol provides the following
built-in mechanisms:
·
A customizable dApp with an interface for
onboarding clients, determining their goals, beneficiaries, trusted parties,
and potential “triggers” for transactions
·
A framework for recording private and
public data of the clients onto the blockchain for indefinite, secure storage
·
A system of smart contracts that
establishes rules of interaction between participants
·
A wallet for accepting, trading, and
storing cryptocurrencies
·
Highly configurable centralized or
decentralized decision making mechanism
·
Assignment of specific roles for trusted
parties that can freeze or release assets through the multisignature
mechanism
·
A reward system for optimal actions on
behalf of the client
·
Vetoing transactions by clients or his/her
trusted parties
·
Inherent dispute resolution mechanism
·
Asset management through tokenization
·
Anonymization of the source of funds and
encryption of client’s data
Any dApp founder, be it a trustee or
a bank, can attract and incentivize multiple pools of experts, organizations
and AI-algorithms that can become responsible for constantly breaking down the
settlors' long-term objectives into smaller parts and seeking the most reliable
providers that can complete them in the most optimal way. A dApp built on the
Eternal Trusts platform is unable to avoid fulfilling the undertaken obligations
written into the blockchain for autonomous execution. The flexible autonomous
system, called Purpose Execution Flow, initiates the voting process on preset
triggers, finds the most optimal solutions for the client with the help of
Oracles, analyzes potential contractors and, if they meet the predetermined set
of reliability criteria, proceeds to purchase the services that the client
requires.
PARTNERS ETERNAL TRUSTS
Roles
ofthe protocol participants
1.
dApp
Founders & Directors
dApp founders buy ET Tokens with fiat
or crypto to create dApps on the protocol and set up networks of DAO directors,
oracles, service providers, and maintain server infrastructure. By purchasing
tokens, dApp founders can become DAO directors and set business models/prices
for their dApps. Their clients pay for their services with ET Tokens as well.
Potential dApp founders consist of private crypto funds, trustee services,
family offices, banks, charities, established asset administration dApps, and
all those who need collective decision making to release assets and act
optimally to fulfil a given purpose.
2.
Oracles
dApp founders can put together or
lease a network of Oracles -- group of reputable, trusted parties selected by
the trustees or their clients to be in control of asset administration, and
rewarded for making optimal decisions. You can employ already established
expert networks that specialize in fields related to the client's purpose.
Potential Oracles are comprised of r esearch organizations, prediction
networks, and AI providers.
3.
Service
Providers
Service providers are employed to
execute the clients' purposes. Forming the network of service providers while
earning an additional fee from customer's assets is an appealing model for
organizations working with exchanging cryptocurrency and fiat money, as well as
any service providers ready to accept cryptocurrencies as a means of payment.
Potential service providers are biomaterial storage facilities, trading
platforms, crypto exchanges, asset managers, and legal services.
4.
Nodes
dApp founders can deploy
their own private Hyperledger-based node network with limited access to
data/keys to establish private information channels between the participants.
However, they can also use ET Tokens to rent already existing networks that
opted in to participate in the platform and passed security audits.
TEAM ETERNAL TRUSTS
INFORMATION
Author!
Username
Bitcointalk : AeroNimocji91
Address
: 0x6Dbf840f4468EFE8Aa92B85fdF8E9e257d3d5d01
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